JPMORGAN CHASE & CO. (NYSE:JPM) Stock price trend forecast and trading range:
Updated to: 2023.1.13
(Note: The upper red line in the picture is the resistance, and the lower red line is the support)
Analysis from stock chart
—————————————————————-
Short-term trend: bullish
Sell high and buy low of range : $135 – $142
Support: $135 resistance: $142 Stop Loss Price: $135 price target: $142 Buy the position again: stop falling
Medium-term trend: bullish
High sell low buy range: $132 – $142
Support: $132 resistance: $142 Stop Loss price: $132 price target: $142 Buy the position again: stop falling
Long-term trend: bullish
High sell low buy of range: $130 – $142
Support : $130 resistance: $142 Stop Loss price: $130 price target : $142 Buy the position again: stop falling
From Analysis from financial statements:
January 13, 2023 In fiscal 2022, Q4 achieved revenue of $35.57 billion, YoY+18%, market expectations of $34.15 billion, net profit of $11.008 billion, YoY +6%, EPS of $3.57, compared to $3.33 in the same period last year, and market expectations of $3.07. Quarterly dividend of $1 per share. Quarterly dividend of $1 per share. The P/E TTM is 11.74 times.
Historical Forecast Record:
2022.12.07 From the stock technical chart analysis, the stock price ended the mid-line level of the rebound began to fall, the short-term in the 30-day moving average to get support, but the effectiveness of the support level to be verified, short-term trading or medium-term trading is recommended to back $125 high sell low or hold, stop loss price of $125, cover price of $125 or $110. However, if it falls below $125 and directly tests the previous low of $101, the probability of floating losses may occur, and it is recommended to control the position.
2022.10.14 From the technical chart, the overall stock price is in a medium and long-term downtrend, and there is no long-term holding space for the time being. Today’s stock price was affected by the earnings report exceeding expectations, rising 5.37% intraday, and then followed the index back. The medium and long-term downside risk has not been lifted, but there is a certain profit space for short-term trading, and it is recommended to sell high and low between $100-$120. Try to wait patiently for the stock price to return to near the lower band of the range before entering, the probability of the stock price falling back to around $100 again is very high, it is recommended to sell high as the main strategy.
Key Quote Data:
52 Week Range: 100.53-153.94
P/E Ratio(TTM): 11.74
EPS(TTM): $12.09
Market Cap: $409.15 B
Beta: 1.11
Quarterly dividend: $1
Number of employees: 271025 historical data 255351
Summary of recent financial statements
January 13, 2023 In fiscal 2022, Q4 achieved revenue of $35.57 billion, YoY+18%, market expectations of $34.15 billion, net profit of $11.008 billion, YoY +6%, EPS of $3.57, compared to $3.33 in the same period last year, and market expectations of $3.07. Quarterly dividend of $1 per share. Quarterly dividend of $1 per share. The P/E TTM is 11.74 times.
JPMorgan Chase Investment Banking Revenue Down 57% YoY, Investment Banking Fees Down 58%.
JP Morgan Q4 EPS $3.57 Vs. $3.33 a Year Ago; FactSet Consensus $3.08
JPMorgan Chase Q4 EPS $3.57 Beats $3.07 Estimate.
JPMORGAN CHASE & CO. CONSOLIDATED FINANCIAL
About JPMorgan Chase & Co.(NYSE:JPM)
JPMorgan Chase & Co. (NYSE: JPM) is a leading financial services firm based in the United States of America (“U.S.”), with operations worldwide. JPMorgan Chase had $3.7 trillion in assets and $292.3 billion in stockholders’ equity as of December 31, 2022. The Firm is a leader in investment banking, financial services for consumers and small businesses, commercial banking, financial transaction processing and asset management. Under the J.P. Morgan and Chase brands, the Firm serves millions of customers predominantly in the U.S., and many of the world’s most prominent corporate, institutional and government clients globally. Information about JPMorgan Chase & Co. is available at www.jpmorganchase.com.